EU countries agree on common stance on new rules for US tech giants

EU countries have now agreed to a common position on new rules to curb the power of US tech giants and force them to do more to police their platforms for illegal content.

However, they will have to work out the final details with European Union bureaucrats and lawmakers, who have proposed stricter rules and higher fines.

Frustrated by the slow pace of antitrust investigations, EU competition chief Margrethe Vestager proposed two sets of rules known as the Digital Markets Act and the Digital Services Act targeting Amazon, Apple, Google’s Alphabet unit, and Facebook.

The DMA has a dos and don’ts for online gatekeepers – companies that control data and access to their platforms – bolstered by fines of up to 10% of global billing.

The Digital Services Act (DSA) forces tech giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global turnover for non-compliance.

The common position adopted by the countries of the European Union follows the main points proposed by Vestager, with some adjustments, with the European Commission as the main enforcer of the new rules despite an initial French proposal to give more power to the national bodies of control.

Negotiations are expected to begin next year, and the rules are likely to be adopted in 2023.

“The proposed WFD shows our willingness and ambition to regulate big technology and will hopefully set a trend around the world,” Zdravko Počivalšek, Slovenian Minister of Economic Development and Technology, said in a statement.

The changes agreed by the EU countries include a new obligation for technology companies that improves the right of end users to unsubscribe from the services of the central platform and shortens the deadlines and improves the criteria for the appointment of guardians .

Luxembourg, where Amazon is headquartered in Europe, welcomed the agreement appointing national watchdogs as the primary enforcer of DSAs for companies based in their countries.

“Luxembourg is pleased that, in general, the country in which the intermediary is established remains responsible for the application of the harmonized standards of the DSA, in particular through closer cooperation with the other Member States and the Commission, besides when it comes to very big players, “he said in a statement.

The Platform Executive team hopes you enjoyed the article ‘EU countries agree common position on new rules for US tech giants’. Machine translation from English to a growing list of languages ​​via Google AI Cloud Translation. Initial reports through our official content partners at Thomson Reuters. Report from Foo Yun Chee. Edited by Angus MacSwan.

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